Funding you earn now, next payment 06:00 UTC−0.0148%/8h= −16.2% APRnext payment −$0.19 per $10,000 · paid last 24h −0.045%
Price spread now: Jupiter Perps against Polymarket Perps−0.008%7-day average +0.008% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)−0.155%−$15 on $10k
+Price spread, last 4 days (all we have)−0.004%$0 · spread now −0.008%, 7d avg +0.008%
=The price spread sits at its 7-day average of +0.008%, so right now this pair is about funding alone: −$4 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps BTC-USD | 85,218 | 0.0100 | pay 0.0013% / 1h | 39m 41s | $11.0M | $14.4M | 50x |
| Short | Jupiter Perps WBTC-PERP | 85,211.4 | L +0.0104% / S +0.0048% | pay 0.0006% / 1h | 39m 41s | — | $107.0M | 500x |
Polymarket Perps BTC-USD
Jupiter Perps WBTC-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Jupiter Perps against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$31.08
- Price spread: −0.008% → +0.008%
- −$1.55
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Jupiter Perps: 6 bp × 2 orders
- −$12
- Net
- −$52.63
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Polymarket Perps: live order book, 5 min ago; Jupiter Perps: no order-book sample. Net counts fees only.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Polymarket Perps live order book, 5 min ago | 0.06 bp | 5.5 bp −$5 | 6.5 bp −$65 | 8.5 bp −$852 | doesn't fit |
| Sell Jupiter Perps no order-book sample | — | — | — | — | — |
Jupiter Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
BTC on 56 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Perpl BTC | −0.0112% | 43m | 85,200 | −0.021% | $529K | $18.8M | 6.7x | as long as short |
| Phoenix BTC | −0.0111% | 1h | 85,377 | +0.187% | $2.1M | $10.4M | 40x | as long as short |
| Hotstuff BTC-PERP | −0.0080% | 1h | 85,209 | −0.011% | $8K | $3K | 50x | as long as short |
| KuCoin XBTUSDTM | −0.0054% | 8h | 85,190.9 | −0.032% | $921.6M | $762.0M | 125x | as long as short |
| BloFin BTC-USDT | −0.0034% | 8h | 85,214.6 | −0.004% | $420.2M | $678.7M | 150x | as long as short |
| 01 Exchange BTCUSD | −0.0032% | 1h | 85,209.3 | −0.010% | $381K | $2.3M | 50x | as long as short |
| Aster BTCUSDT | −0.0015% | 8h | 85,192.2 | −0.030% | $512.4M | $1.10B | 200x | as long as short |
| dYdX BTC-USD | +0.0001% | 1h | 85,238.9 | +0.025% | $16.7M | $21.7M | 50x | as long as short |
| gTrade (Gains Network) BTC/USD | L +0.0004% / S −0.0004% | 1h | 85,240.9 | +0.027% | $36.4M | — | 200x | as long as short |
| Nado BTC-PERP | +0.0011% | 1h | 85,192.8 | −0.030% | $24.5M | $222.7M | 50x | as long as short |
Perpl BTC
Phoenix BTC
Hotstuff BTC-PERP
KuCoin XBTUSDTM
BloFin BTC-USDT
01 Exchange BTCUSD
Aster BTCUSDT
dYdX BTC-USD
gTrade (Gains Network) BTC/USD
Nado BTC-PERPShow all 56 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Injective BTC/USDC PERP | +0.0023% | 1h | 85,449 | +0.271% | $339K | $26.8M | 52x | as long as short |
| SoDEX BTC-USD | +0.0038% | 1h | 85,224 | +0.007% | $59.6M | $335.9M | 40x | as long as short |
| Kraken Futures PF_XBTUSD | +0.0056% | 1h | 85,249 | +0.036% | $187.5M | $955.8M | 100x | as long as short |
| Bullet BTC-USD | +0.0058% | 1h | 85,212.7 | −0.006% | $205K | $3.3M | 20x | as long as short |
| BingX BTC-USDC | +0.0066% | 8h | 85,176 | −0.049% | — | $17.4M | — | as long as short |
| Phemex BTCUSDT | +0.0072% | 8h | 85,237.7 | +0.023% | $149.3M | $502.7M | 150x | as long as short |
| Aevo BTC-PERP | +0.0080% | 1h | 85,226.1 | +0.009% | $2.4M | $6.7M | 20x | as long as short |
| Bitget BTCUSDT | +0.0082% | 8h | 85,200.1 | −0.021% | $2.94B | $5.17B | 150x | as long as short |
| Binance BTCUSDT | +0.0084% | 8h | 85,203.1 | −0.017% | $9.42B | $24.80B | 150x | as long as short |
| MEXC BTC_USDT | +0.0085% | 8h | 85,198.2 | −0.023% | $5.06B | $5.69B | 500x | as long as short |
| Lighter BTC | +0.0096% | 1h | 85,209.1 | −0.010% | $171.3M | $1.02B | 50x | as long as short |
| Lighter RH BTC | +0.0096% | 1h | 85,209.7 | −0.010% | $23.7M | $147.7M | 50x | as long as short |
| Popdex BTCUSDT | +0.0096% | 1h | 85,200 | −0.021% | $8.3M | $55.5M | 100x | as long as short |
| Coinbase International BTC-PERP-INTX | +0.0096% | 1h | 85,261.1 | +0.051% | $117.2M | $5.32B | 50x | as long as short |
| Katana Perps BTC-USD | +0.0100% | 8h | 85,177 | −0.048% | $239K | $8.5M | 50x | as long as short |
| Paradex BTC-USD-PERP | +0.0100% | 8h | 85,264.5 | +0.055% | $5.6M | $9.4M | 50x | as long as short |
| Hyperliquid BTC | +0.0100% | 1h | 85,273.7 | +0.065% | $3.75B | $5.05B | 40x | as long as short |
| Pacifica BTC | +0.0100% | 1h | 85,241.4 | +0.027% | $40.1M | $595.5M | 50x | as long as short |
| Bybit BTCUSDT | +0.0100% | 8h | 85,194.5 | −0.028% | $5.15B | $9.92B | 150x | as long as short |
| OKX BTC-USDT-SWAP | +0.0100% | 8h | 85,207.9 | −0.012% | $2.57B | $12.16B | 100x | as long as short |
| Ondo Perps BTC-USD.P | +0.0100% | 1h | 85,201 | −0.020% | $3.8M | $17.6M | 25x | as long as short |
| Arcus BTC-USD | +0.0100% | 1h | 85,205.6 | −0.015% | $4.6M | $99.1M | 40x | as long as short |
| Bulk BTC-USD | +0.0100% | 1h | 85,324.1 | +0.125% | $679.5M | $626.7M | 40x | as long as short |
| Gate BTC_USDT | +0.0100% | 8h | 85,199.3 | −0.022% | $5.51B | $10.85B | 200x | as long as short |
| Backpack BTC_USDC_PERP | +0.0100% | 1h | 85,225.5 | +0.009% | $36.0M | $174.6M | 75x | as long as short |
| Variational Omni BTC | +0.0100% | 8h | 85,226.6 | +0.010% | $154.6M | $565.9M | — | as long as short |
| edgeX BTCUSDC | +0.0100% | 4h | 85,305.9 | +0.103% | $279.2M | $939.3M | 100x | as long as short |
| GRVT BTC_USDT_Perp | +0.0100% | 8h | 85,382.3 | +0.193% | $214.6M | $168.8M | 50x | as long as short |
| ApeX Omni BTCUSDT | +0.0100% | 1h | 85,308.3 | +0.106% | $139.4M | $315.2M | 100x | as long as short |
| StandX BTC-USD | +0.0100% | 1h | 85,283 | +0.076% | $30.1M | $206.5M | 40x | as long as short |
| Vest BTC-PERP | +0.0100% | 1h | 85,282.7 | +0.076% | — | $10.9M | 50x | as long as short |
| Polymarket Perps BTC-USDlong | +0.0100% | 1h | 85,218 | long leg | $11.0M | $14.4M | 50x | |
| Orderly PERP_BTC_USDC | +0.0100% | 8h | 85,230 | +0.014% | $2.3M | $9.0M | 100x | as long as short |
| Bluefin BTC-PERP | +0.0100% | 1h | 85,272.3 | +0.064% | $206K | $739K | 40x | as long as short |
| Derive BTC-PERP | +0.0100% | 1h | 85,214 | −0.005% | $30.0M | $50.3M | 15x | as long as short |
| SunX BTC-USDT | +0.0100% | 8h | 85,216.2 | −0.002% | $2.9M | $6.1M | 100x | as long as short |
| HTX BTC-USDT | +0.0100% | 8h | 85,207.2 | −0.013% | $2.26B | $953.9M | 200x | as long as short |
| Extended BTC-USD | +0.0104% | 1h | 85,175 | −0.050% | $45.5M | $237.7M | 50x | as long as short |
| Jupiter Perps WBTC-PERPshort | L +0.0104% / S +0.0048% | 1h | 85,211.4 | −0.008% | — | $107.0M | 500x | |
| Reya BTCRUSDPERP | +0.0112% | 1h | 85,207.6 | −0.012% | $6.6M | $147.4M | 40x | as long as short |
| GMX BTC/USD [WBTC.b-USDC] | L +0.0176% / S −0.0151% | 1h | 85,227.6 | +0.011% | $13.0M | — | 200x | as long as short |
| Kalshi KXBTCPERP | +0.0177% | 8h | 85,240 | +0.026% | $11.3M | $749.0M | 6.4x | as long as short |
| Deribit BTC-PERPETUAL | +0.0182% | 1h | 85,277.8 | +0.070% | $872.3M | $1.60B | 50x | as long as short |
| Hibachi BTC/USDT-P | +0.0224% | 1h | 85,291.8 | +0.087% | $720K | $8.0M | 30x | as long as short |
| Aftermath Perps BTCUSD | +0.0236% | 1h | 85,350.7 | +0.156% | $79K | $225K | 20x | as long as short |
| RISEx BTC/USDC | +0.0257% | 1h | 85,225.1 | +0.008% | $8.7M | $43.1M | 25x | as long as short |
Injective BTC/USDC PERP
SoDEX BTC-USD
Kraken Futures PF_XBTUSD
Bullet BTC-USD
BingX BTC-USDC
Phemex BTCUSDT
Aevo BTC-PERP
Bitget BTCUSDT
Binance BTCUSDT
MEXC BTC_USDT
Lighter BTC
Lighter RH BTC
Popdex BTCUSDT
Coinbase International BTC-PERP-INTX
Katana Perps BTC-USD
Paradex BTC-USD-PERP
Hyperliquid BTC
Pacifica BTC
Bybit BTCUSDT
OKX BTC-USDT-SWAP
Ondo Perps BTC-USD.P
Arcus BTC-USD
Bulk BTC-USD
Gate BTC_USDT
Backpack BTC_USDC_PERP
Variational Omni BTC
edgeX BTCUSDC
GRVT BTC_USDT_Perp
ApeX Omni BTCUSDT
StandX BTC-USD
Vest BTC-PERP
Orderly PERP_BTC_USDC
Bluefin BTC-PERP
Derive BTC-PERP
SunX BTC-USDT
HTX BTC-USDT
Extended BTC-USD
Reya BTCRUSDPERP
GMX BTC/USD [WBTC.b-USDC]
Kalshi KXBTCPERP
Deribit BTC-PERPETUAL
Hibachi BTC/USDT-P
Aftermath Perps BTCUSD
RISEx BTC/USDC